Tema Oil Refinery (TOR) is set to resume the processing of crude oil in Ghana, starting next week.
The refinery in the process will provide diesel and Liquefied Petroleum Gas (LPG) for domestic and sub-regional markets.
The move follows a deal signed between TOR and BP Oil International, a British oil trader.
However, Mr Isaac Osei, Marketing Director of TOR has indicated the first consignment of 947,000 barrels of crude oil has arrived.
He indicated that the oil, which has since been transferred into TOR’s storage tanks will undergo pre-refinery procedures before it is fed into a distillation column for actual refining to begin.
“In the coming week, we will actually start producing and sending finished products into storage tanks in preparation for sale on domestic and sub-regional markets,”
Mr Osei assured Ghanaians that deal signed between TOR and BP Oil International will help revive the refinery’s activities to improve efficiency and standards.
According to him, the board and the management of TOR are committed to “doing things right this time round” to ensure value for money and sustenance.
He indicated that the revival of TOR will reduce the dependence on imports, and control the weakening of the cedi.
The revival, he says will retain human resource at the refinery, create more job opportunities and boost the government’s agenda to make Ghana the petroleum hub in the sub-region.